debt
confidence high
sentiment neutral
materiality 0.40
M/I Homes extends $300M mortgage facility to Oct 2025; adds Texas Capital Bank
M/I HOMES, INC.
- M/I Financial extended repurchase facility maturity to October 21, 2025; maximum aggregate commitment unchanged at $300M.
- Texas Capital Bank joined as a new buyer with a $70M committed sum; JPMorgan ($90M), Truist ($70M), Huntington ($70M).
- Facility finances eligible mortgage loans originated by M/I Financial on a servicing-released basis.
- Other material terms from the October 2023 agreement remain unchanged; fee and side letters amended.